Ameriprise Financial Inc. decreased its stake in shares of Constellation Brands Inc (NYSE:STZ) by 64.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,642 shares of the company’s stock after selling 298,903 shares during the period. Ameriprise Financial Inc. owned about 0.09% of Constellation Brands worth $33,236,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Constellation Brands by 0.9% during the second quarter. BlackRock Inc. now owns 11,708,547 shares of the company’s stock valued at $2,268,295,000 after buying an additional 103,312 shares during the last quarter. Vanguard Group Inc. boosted its position in Constellation Brands by 3.2% in the second quarter. Vanguard Group Inc. now owns 11,276,593 shares of the company’s stock worth $2,184,613,000 after purchasing an additional 350,346 shares during the last quarter. Egerton Capital UK LLP boosted its position in Constellation Brands by 13.0% in the third quarter. Egerton Capital UK LLP now owns 3,071,057 shares of the company’s stock worth $612,522,000 after purchasing an additional 353,490 shares during the last quarter. Alliancebernstein L.P. boosted its position in Constellation Brands by 87.9% in the second quarter. Alliancebernstein L.P. now owns 1,681,471 shares of the company’s stock worth $325,751,000 after purchasing an additional 786,726 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Constellation Brands by 488.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,192,858 shares of the company’s stock worth $231,093,000 after purchasing an additional 990,152 shares during the last quarter. 75.04% of the stock is currently owned by institutional investors.

Shares of Constellation Brands Inc (NYSE:STZ) traded up $1.01 on Monday, hitting $218.60. The company’s stock had a trading volume of 1,082,100 shares, compared to its average volume of 1,460,990. The company has a market capitalization of $42,759.69, a price-to-earnings ratio of 26.50, a PEG ratio of 1.41 and a beta of 0.08. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.69 and a current ratio of 1.61. Constellation Brands Inc has a 52-week low of $144.00 and a 52-week high of $227.20.

Constellation Brands (NYSE:STZ) last issued its earnings results on Thursday, October 5th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.30. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.06 billion. Constellation Brands had a return on equity of 22.81% and a net margin of 21.47%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 earnings per share. equities analysts forecast that Constellation Brands Inc will post 8.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a $0.52 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.08 annualized dividend and a dividend yield of 0.95%. Constellation Brands’s payout ratio is presently 23.85%.

In related news, Director Barry A. Fromberg sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $208.00, for a total transaction of $520,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William A. Newlands sold 2,935 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $210.10, for a total value of $616,643.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,662 shares of company stock worth $15,564,585. Corporate insiders own 15.59% of the company’s stock.

Several research analysts have weighed in on STZ shares. BidaskClub raised Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Macquarie started coverage on Constellation Brands in a research report on Thursday, September 14th. They issued an “outperform” rating and a $227.00 price objective on the stock. Susquehanna Bancshares reissued a “neutral” rating and issued a $193.00 price objective (up previously from $169.00) on shares of Constellation Brands in a research report on Monday, October 2nd. Pivotal Research boosted their price objective on Constellation Brands from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks reissued a “buy” rating and issued a $230.00 price objective on shares of Constellation Brands in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Constellation Brands presently has a consensus rating of “Buy” and an average target price of $216.00.

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Constellation Brands Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

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Institutional Ownership by Quarter for Constellation Brands (NYSE:STZ)

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